Young joined Aston Villa from Watford in January 2007.
Aston Villa boss Martin O’Neill said: “Will Young sign a new contract? It is just a matter of getting sat down after this (international) break. I think it will happen sooner rather than later.
“Everyone knows what I think of Ashley. He has been fantastic for us once he settled down and I maintain he is unfortunate not to be in the current England squad.
“He still has three years to go of his contract but we want to reward him for what he has achieved for us.”